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ADA

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC−0.0065%/8h
next payment, per $10,000−$0.08paid, last 24h−0.006%paid, last 7 days+0.016%to open and close $10k−$27
Long on HyperliquidShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ADA0.24390.0165pay 0.0021% / 1h59m 40s$42.6M$13.7M10x
ShortBackpack ADA_USDC_PERP0.24380.0100get 0.0013% / 1h59m 40s$102K$413K15x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$13.6
Slippage, 4 orders
−$7.85
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$40.45
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Backpack: live order book, 35 min ago.

Price risk

price view
Price gap now
−0.041%
Avg gap 7d
−0.010%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago0.41 bp5.6 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 35 min ago0.20 bp9.1 bp −$911.2 bp −$112doesn't fitdoesn't fit

ADA on 36 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX ADA-USD0.0000%1h$200K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h$123K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h$84K—150xas long as short
Injective ADA/USDC PERP+0.0033%1h$838$97K12xas long as short
Coinbase International ADA-PERP-INTX+0.0072%1h$467K$6.8M50xas long as short
Lighter ADA+0.0096%1h$2.4M$1.2M10xas long as short
Aster ADAUSDT+0.0100%8h$1.1M$999K75xas long as short
Pacifica ADA+0.0100%1h$155K$149K10xas long as short
Binance ADAUSDT+0.0100%8h$101.2M$343.1M75xas long as short
Bybit ADAUSDT+0.0100%8h$70.5M$99.1M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h$32.4M$103.2M50xas long as short
Gate ADA_USDT+0.0100%8h$96.0M$55.6M75xas long as short
MEXC ADA_USDT+0.0100%8h$52.6M$56.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h$30.4M$17.6M75xas long as short
Bitget ADAUSDT+0.0100%8h$64.5M$41.6M75xas long as short
BingX ADA-USDT+0.0100%8h—$18.9M—as long as short
Backpack ADA_USDC_PERPshort+0.0100%1h$102K$413K15x
Variational Omni ADA+0.0100%8h$4.2M$1.0M—as long as short
edgeX ADAUSDC+0.0100%4h$65K$279K20xas long as short
ApeX Omni ADAUSDT+0.0100%1h$230K$457K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h$92K$730K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h$9K$750K30xas long as short
SoDEX ADA-USD+0.0100%1h$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h$1.3M$4.6M75xas long as short
Phemex ADAUSDT+0.0100%8h$47.4M$5.1M50xas long as short
Paradex ADA-USD-PERP+0.0102%8h$20K$25020xas long as short
Extended ADA-USD+0.0104%1h$589K$1.8M50xas long as short
Hyperliquid ADAlong+0.0165%1h$42.6M$13.7M10x
Phoenix ADA+0.0166%1h$4K$89K10xas long as short
BloFin ADA-USDT+0.0220%8h$4.5M$4.9M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0242%1h$476K$372K50xas long as short
Kraken Futures PF_ADAUSD+0.0261%1h$6.2M$10.8M50xas long as short
Reya ADARUSDPERP+0.0290%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0520% / S −0.0276%1h$112K—100xas long as short